The Detroit-based Renaissance Venture Capital Fund is getting landmark returns through investing in Michigan companies.
Excerpt:
"The Renaissance Venture Capital Fund(RVCF) is a Michigan based venture capital fund. The company has announced today that their initial investment of $16.7 million has led to a total of nearly $300 million in 20 new Michigan companies. This means that they are seeing a ratio of $17 venture capital investment coming into Michigan for every dollar invested by the RVCF. This led to the creation of hundreds of high-wage jobs that pay an average of $80,000 per year."
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